Excess Crude Account balance stands at $535,823, says AGF

By Kunle Sanni –

Nigeria’s Excess Crude Account (ECA) currently holds $535,823.39, the Accountant General of the Federation, Shamseldeen Ogunjimi, has disclosed.

Ogunjimi made this known on Thursday while briefing State House correspondents after the National Economic Council (NEC) meeting presided over by Vice President Kashim Shettima.

He explained that during the council meeting, the Minister of Finance and Coordinating Minister of the Economy presented updates on three major Federation accounts.

According to him, the Excess Crude Account has a balance of $535,823.39, the Stabilization Account stands at ₦78,453,757,583.19, while the Natural Resources Account has ₦106,727,969,527.59.

“These figures were presented to the council as part of efforts to maintain transparency and provide regular updates on the Federation’s financial position,” the Accountant General said.